Lambda, a Singapore-based decentralized infrastructure startup that provides unlimited data storage on the blockchain and for the Internet of Things, received an investment from FBG Capital.
The amount of the deal was not disclosed.
The company will use the funds to continue to expand its development efforts.
Led by Xiaoyang He, CEO, Lambda is a scalable blockchain infrastructure project, which provides decentralized applications (DAPPs), data storage capabilities with unlimited scalability and fulfills services such as multi-chain data co-storage, cross-chain data management, data privacy protection, provable data possession (PDP), and distributed intelligent computing through logic decoupling and independent implementation of Lambda Chain and Lambda DB.
Founded in 2015, FBG Capital is an investment platform for blockchain technology. Its fund is backed by institutional LPs including top venture capital funds, family offices as well as hedge funds in the US, China and beyond. With headquarters in Asia and a global presence across US, Singapore, Korea and Israel, the firm has been a pioneer in blockchain investment and has supported over 70 projects in a wide range of frontier technologies, including Aelf, Zilliqa, Aeternity, Raiden, 0x, Kyber, Republic protocol, Nucypher, Polkadot, Omisego, MakerDao etc.